BTC mining generated $4B, created 31,000 jobs in US: report

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Texas was the U.S.mining capital, generating $1 billion and employing over 12,000 Texans, with Georgia, New York, and North Dakota the other notable hubs.

The post BTC mining generated $4B, created 31,000 jobs in US: report appeared first on CoinGeek.

However, Trump’s aggravated trade wars could soon spell doom for these miners, with some of the biggest ASIC suppliers from China now facing increased scrutiny by the new administration.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaChinaGeorgiaHong KongUnited States

Topics: Business Texas Blockchain Council Digital Chamber Electric Reliability Council of Texas Block Reward Mining BTC Perryman Group ERCOT AB Bernstein Texas

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 10:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 702 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 26290218

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